A single vehicle collision . . ..
More.
Saturday, September 14, 2024
Friday, September 13, 2024
Yeah, inflation is vanquished and isn't showing up anywhere
Gold skyrockets as stars align for Fed rate cuts
Gold prices powered higher on Friday, beating record levels, as a boost in bullish momentum fuelled by optimism that the U.S. Federal Reserve is on the brink of trimming interest rates was catalysed by fund inflows and a drop in the dollar.
Spot gold was trading at record levels, up 0.7% at $2,576.48 per ounce by 10:10 a.m ET (1410 GMT). U.S. gold futures rallied 1% to $2,605.30.
Updated:
Spot gold was trading at record levels, up 0.9% at $2,582.05 per ounce by 11:58 a.m ET (1558 GMT). U.S. gold futures rallied 1.2% to $2,610.30.
Crypto: The biggest scam of our time
While the number of reported crypto-related crimes accounts for around 10% of financial fraud complaints received by the FBI last year, the losses from those crimes accounts for nearly 50% of the total amount Americans lost to financial schemes.
More.
See also the Internet Crime Complaint Center report here.
I'm breatheless
I'm supposed to pay extra to read the illiterate?
https://www.cnbc.com/2024/09/13/oracle-breaths-new-life-into-the-ai-trade-here-are-two-related-stock-plays.html
So predictable: Democrats run on punishing the rich with new taxes to pay for more obscene spending, the rich run scared to transfer wealth under current rules to escape them
Under current law, individuals can transfer up to $13.61 million (and couples can send up to $27.22 million) to family members or beneficiaries without owing estate or gift taxes.
The benefit is scheduled to expire at the end of 2025 along with the other individual provisions of the 2017 Tax Cuts and Jobs Act. If it expires, the estate and gift tax exemption will fall by about half. Individuals will only be able to gift about $6 million to $7 million, and that rises to $12 million to $14 million for couples. Any assets transferred above those amounts will be subject to the 40% transfer tax. ...
With Harris and Trump essentially tied in the polls, the odds have increased that the estate tax benefits will expire — either through gridlock or tax hikes. ...
More than $84 trillion is expected to be transferred to younger generations in the coming decades, and the estate tax “cliff” is set to accelerate many of those gifts this year and next. ...
While giving the maximum of $27.22 million may make sense today from a tax perspective, it may not always make sense from a family perspective. ...
For families that plan to take advantage of the estate tax window, however, the time is now. It can take months to draft and file transfers. During a similar tax cliff in 2010, so many families rushed to process gifts and set up trusts that attorneys became overwhelmed and many clients were left stranded. Advisors say today’s gifters face the same risk if they wait until after the election.
More.
Thursday, September 12, 2024
Gold makes new record high
Gold prices rose more than 1% to hit a record high on Thursday, helped by expectations of an interest rate cut by the Federal Reserve next week after U.S. data signalled a slowing of the economy.
Spot gold was up 1.6% at $2,551.19 per ounce, while U.S. gold futures were up 1.4% at $2,578.90.
More.
Updated:
Spot gold was up 1.8% at $2,556.86 per ounce. U.S. gold futures were up 1.7% at $2,585.20.
Food prices making new all-time-highs in August 2024: Beef, beer, yogurt, ice cream, rice
Many other basic foods, not shown, are still near their all-time-highs, like dried beans for example, or potatoes, sugar, and flour, but you knew that if you've been grocery shopping recently.
Eggs, at $3.204/dozen on average nationally in August 2024, are higher right now than their average annual price EVER: $2.857 in 2022, $2.796 in 2023, and $2.469 in 2015. Eggs averaged $2.798 in the first half of 2024.
Wednesday, September 11, 2024
Latest Biden-Harris move to protect Haitians in the US from deportation will bring the number to 500,000
Prepare for more cultural enrichment, whether you like it or not.
The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.
Four Haitians took off in a gray, Toyota Tacoma, two men, two women, each with a goose in their hands.
Did you notice how not one word was said in last night's Trump-Harris debate about Kamala Harris' price controls proposal to combat inflation?
ABC's debate moderators made sure NOT to go there, no sir. And they completely avoided making Harris defend her inflation record as Biden's VP and instead joined the attack on Trump, fact-checking him multiple times but not her. Trump had to debate three people.
It was a disgraceful spectacle which he should have known better than to join.
At least Trump called her a Marxist at one point, that was good.
Harris for her part continued to push for the gimmicks which WaPo previously called out: $25k down-payment assistance which will only increase housing prices by $25k; $50k tax credits for starting a business, which is notably a lot more than for the everyday folks Democrats say they care about most (how many of those will later declare bankruptcy and pocket the cash?); $6k child tax credit, an idea stolen from J. D. Vance and bid-up just like student-loan forgiveness in order to buy votes.
It's all just marginal stuff which treats the symptoms and not the causes.
She is not a serious candidate.
The artificially high cost of energy inputs because of the Biden-Harris green energy ideology continues to make everything more expensive in August 2024
Gasoline was 29% cheaper under Trump on average than it is today: $2.49/gallon vs. $3.52 now.
Using electricity for anything was 23% cheaper under Trump on average than it is today: $0.136/kilowatt-hour vs. $0.177 now.
Heating your home with natural gas was 26% cheaper under Trump on average than it is today: $1.04/therm vs. $1.40 now.
Everyone is needlessly poorer after 3.5 years of this huge, Democrat-imposed impediment to the economy's potential, a gigantic tax hidden in plain sight.
Core cpi inflation, which excludes food and energy, ticked up in August 2024 to 3.2% year over year, much of which comes from the increasing cost of rent, up 5.2% year over year
 |
| 3.171 to 3.197: Wrong way! |
 |
| Time to get another roommate. |
 |
| seasonally adjusted core inflation was actually worse, at 3.3% year over year |
Subscribe to:
Posts (Atom)